China's economy is "doing well", but faces challenges such as default risks for certain firms due to "mismanagement", the People's Bank of China Governor Yi Gang said on Sunday.
The World Bank-International Monetary Fund Development Committee on Friday urged the bank to take additional steps to "assure the integrity and credibility of data" in the wake of a data-rigging scandal involving its now-canceled "Doing Business" report that embroiled IMF Managing Director Kristalina Georgieva.
The World Bank said on Friday it had temporarily paused payments to operations in Mali following a military coup, while the man expected to become the new prime minister warned sanctions would only complicate the country's crisis.
Supply chain woes and growing inflation concerns pushed aside a widening gap in COVID-19 vaccinations and mounting debt problems for developing countries as the top concerns for global policymakers at International Monetary Fund and World Bank annual meetings this week.
Turkey is set to receive loans worth 3.1 billion euros to help it meet clean energy goals set out in the Paris climate accord, under a planned deal funded by the World Bank, France and Germany, sources familiar with the plan said.